My understanding for IEOs is basically instead of project handling raising funds etc. It will be for an exchange to do so.
An IEO hosted by Yobit or Binance can clearly not be compared. In other words, the exchange gives more credibility to the project regardless of whether it's worth it or not.
Am I the only one who thinks this is actually a bad thing and make people focus on the exchange hosting rather than the actual project and what the team is offering etc.?
I don't think so, best exchanges attract best projects. Its a common natural law of attraction. With that succinctly put, it is normal for people to focus on the exchanges which are already adjudged credible and capable of picking the highest quality projects devoid of scam. Investors can now research on Tokenomics and determine what is best for them